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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: Enigma who wrote (256)1/24/1999 6:46:00 PM
From: Serge Collins  Read Replies (2) of 5821
 
DoubleD: This so-called shareholder's right plan is what is commonly referred to as a "poison pill". It is intended to avoid a takeover at a low-ball price.

The company has prudently protected itself from being acquired by a major company for a price it considers to be low compared to the potential that exists. This tells me that management is probably concerned about one of two things, that a major could come along with a takeover offer before the company has a chance to release further results; the second is a concern that someone might make an opportunistic bid for the company if those results turn out to be positive.

And then again, maybe management knows something we don't.
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